Akshaya Tritiya 2024: Check gold rates in Mumbai, Delhi, Kolkata, other cities; metal opens high at MCX

The demand for gold in the retail market is expected to shoot up today (May 10) as Akshaya Tritiya is being observed. The date is considered as auspicious by the Hindu community for high-value purchases, such as gold, real estate and automobile.

As a safe-haven asset, the value of gold has climbed by over 43% since the start of Covid-19 pandemic, and rallied by around 9% in 2024 so far. In the international market, the rate soared to as high as $2,429 an ounce on April 12, in view of the escalating Middle East tensions, but has relatively softened since then.

The per 10 gram of gold crossed the ₹76,000-mark last month in some retail markets, such as that of Ahmedabad. The prices have eased since then in the backdrop of the relative ease in the global rates.

Here are the gold rates in Indian cities on Akshaya Tritiya 2024

• As per the rates tracked by Upstox, the per 10 gram of 24 karat gold in Mumbai was trading at ₹72,861, down 0.2%.
• In New Delhi, the retail prices fell marginally by 0.1% to ₹₹73,218.
• In Chennai, the rate declined by 1.82% to ₹72,575, whereas it increased by 0.29% to ₹73,218 in Bengaluru.
• In Kolkata, the price declined by 1.36% to ₹72,646.

At the Multi Commodity Exchange (MCX), India's largest commodity derivatives bourse, gold futures opened in the green. The per 10 gram of the metal was trading at ₹72,257 at 9:52 am, up 0.7% as against the last closing price.

In the international market, spot gold was trading at $2,355 an ounce, up around 0.3% as against the previous close.